TOKYO, Feb 14 — Tokyo stocks opened higher this morning, shrugging off a stronger yen as investor sentiment improved with the three key US markets closing higher overnight.
The benchmark Nikkei 225 index edged up 0.16 per cent, or 33.26 points to 21,277.94 in early trade, while the broader Topix index was up 0.26 per cent or 4.48 points at 1,721.26.
Wall street stocks finished higher yesterday, rising for a third straight session, with the Dow Jones Industrial Average closing up 0.2 per cent at 24,640.45.
“The Dow’s rise for the third straight day is supporting Japanese shares but a higher yen is discouraging” investors, Yoshihiro Ito, chief strategist at Okasan Online Securities, said in a commentary.
The dollar fetched ¥107.76 (RM3.94) in early Asian trade, against ¥107.83 in New York and 108.09 yen in Tokyo yesterday.
Japanese e-commerce giant Rakuten was up 3.98 per cent at ¥972.2 after its fourth quarter earnings matched market expectations.
Game giant Nintendo was up 0.85 per cent at ¥44,780 while Sony climbed 0.39 per cent to ¥5,119.
However some blue-chip exporters were lower, with Toyota edging down 0.64 per cent to ¥7,229 and Panasonic slipping 0.90 per cent to ¥1,579. — AFP